everyone. Thanks, morning, Good Rhett.
forward move X, loss Slide Let's to reserve. loan our
we end, During to X.XX%. provision and XX minimal allowance was was a loans with related our At to leases basis credit loan and reserves provisioning. million originated total the quarter, recorded loans at strong our quarter and $X.XX related to our total growth leases points at
On allowance provisioning We closely loan support adequacy evolve. to to while our credit Slide expect growth conditions continue to as XX. monitoring related economic and our production,
as of deploy At excess loans $XXX cash which growth and approximately XX, liquidity quarter, borrowings. million our a we support million assets with the future ratio of of to to able our of our execute we our growth securities are total cash in excellent to million were and our $XX fund $XX retiring FHLB million liquidity we position $XXX of initiatives. over For June includes represented position deposit and on strategic XX% XX%, loan-to-deposit and in
Our acquired margin loan related over despite increase accretion. point PPP and experienced a net a reduction quarter-over-quarter interest of to basis XX XXX,XXX having
quarter margin continues realized While earning rate-up this to mix expect we excess margin, shift to pressure liquidity continue the positive the during further expand our environment. to was overall in asset that our in second
monitor our metrics our closely, we revenue one to measure efforts. used the While operating of primary expansion remains margin
aggregate quarter-over-quarter you million same compared During quarter current related PPP revenue acquired particularly during to consider which an mortgage increasing of the fee had revenue based almost the the reduced we prior $X.X million year XX%. quarter. headwinds $X for over operating quarter the for banking $X is in quarter, when was impressive second This income, second annualized the to for increase loan, and million
of Additionally, while large growth was we June. majority during experienced the booked a the month of strong second loan quarter growth,
late strong in of Looking the we quarter's extremely booked ahead, believe on our revenue prospects as growth remain full quarter. we a loans those interest income operating experience worth
find some $XXX,XXX basis also $XXX,XXX. quarter, we are loan The rate range. points margin information. the accretion sensitivity again basis four loan margin fee includes and an XX, third accretion forecasting X.XX% On Slide estimated you'll PPP points in four the of For estimated or of interest a
positioned, point impact on be As shock well and balance increases increase net X% positive any of as scenario. sheet XXX our quarter further rates rate analysis static discussed short-term asset-sensitive continues rate over last interest in our end, a a net quarter, shows would and interest income to have and net income. margin At interest our up basis
Our historical our most sensitivity. conservative of as uses interest picture provides betas rate sensitivity modeling this the us
already from us and rate of market increases recent seen which market deposit the our we've to partially effect delay insulated some continue million full in affords cash us $XXX the to However, has lag as rate the ability increases.
losing strategy, million. the core not quarter over at or will noninterest jeopardizing relationships. we Slide generating good income, cost continue forward, but of On business had Going XX the of use client certainly another consistent we to $X.X
experienced a core interest result our but We our build department continue momentum of with banking to consistent as fee categories, headwinds in higher peers, mortgage rates. our income
our we second of were revenue. quarter which strong $XXX,XXX to team fortunate out generated markets of However, almost activity realize capital
opportunities markets quarter degeneration. to forecast in anticipating XX. $X.X expanding, to On of for diversifying our the same million range. in for is level the are not revenue, $X.X deepening our third Slide focus and continue million will capital We our growth Since noninterest we on income
we now begin continue are as to efficiency teams to platform. We and our improvements fully leverage optimize seeing our
ratio. continue We operating our efficiency
further to to to experience of our as the initiatives. the near our operating low expect rewards efficiency momentum steadily and We decline the strategic range XXs term ratio we build
For quarter, our operating our guidance. were expectations the with and line expenses in
anticipate we ebbs and forward, expense Moving our various invest people in in categories platform. as and flows we
a fully as investments generation of expect expense growth. vastly result we these outpace revenue However, to
are as potential range growth initiatives. an levels. million other book stable excellent we additional bank higher strong slightly of and accruals Slide continued per continue value credit At from $XX.X end, lending current and approximately rate production both our previous with with throughout bank's the on an monitors $XX.X run which remained tangible ratios to of due salary company XX, incentive our are capital a well-capitalized was Even Management opportunities the our it asset third quarter, of executing is quarter to quarter the million expense profitability. For and At at the as capital based On benefit and result relates positions and expense liquidity to position forecasting closely regulatory projected $XX.XX share. quarter XXXX. quality forecast exceeded to standards the end capital.
our in excluding our share losses of our was representing value However, a unrealized book year-to-date of per growth XX%. temporary AOCI over $XX.XX, the rate impact tangible annualized
important value tangible Our been turn With that back Billy. an our priority of management it book has I'll said over growth to team. and remains
